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Qualstar now in Compliance With Nasdaq

Appointing four independent directors

Qualstar Corporation was notified by Nasdaq on March 29, 2010, that Qualstar is now in compliance with the requirements for continued listing on The Nasdaq Stock Market under Marketplace Rule 5605(e), which sets forth requirements relating to the process for selecting nominees for election to the board of directors. To regain compliance with this rule, Qualstar’s Board of Directors adopted a Nominating Committee Charter and appointed a Nominating Committee comprised of four independent directors on March 25, 2010.

Read also:
Qualstar Receives Nasdaq Notification
Regarding election to the board of directors

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